New ITR (Income Tax Return) Forms for submission of Income Tax Return : Form Details for Assessment year 2011-12

New ITR (Income Tax Return) Forms for submission of Income Tax Return : Form Details for Assessment year 2011-12

For the Assessment Year 2011-12 The Income Tax department has released new Income Tax and for assessment year 2011-12 tax payee submit their income in form No. ITR-2, ITR-3, ITR-4 & ITR- 5 (As per the following notes). Other income tax payee should uses old ITR-1, ITR-6, ITR-7 & ITR8) for Income Tax Return as New Year return season has started with release of new ITR form for Assessment year 2010-11.

• ITR-2: For Individuals and HUFs not having Income from Business or Profession
• ITR-3: For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
• ITR-4: For individuals and HUFs having income from a proprietary business or profession
• ITR-4: For firms, AOPs and BOIs